TRX/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The pair Tron/Tether (TRX/USDT) moves from the ascending trendline down.

A bearish movement downwards to the next support at 0.3374 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.3461 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair could go up.

Moreover a ‘Bearish Engulfing’ candle pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.3461 – 0.342 – 0.3438 – 0.3374 – 0.3362 – 0.3293 —
0.345300000 – 0.343600000 —
65.540564401615 – 54.878530255802 —
– —
0.3461 – 1778007600

Trading Signals: CRYPTO – TRX – TRX/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –